Gold Price Falls in Delhi; Silver Rises Amid Global Trends - Rediff MoneyWiz

AI desk brief

Gold in Delhi fell for a second straight session, dropping Rs 2,150 to Rs 1,58,100/10g for 99.9% purity, while silver gained Rs 600 to Rs 2,41,100/kg. The move tracked a softer global backdrop for gold, with spot bullion marginally lower at $4,404.44/oz, while silver edged up 0.11% to $66.25/oz.

The local market action was framed by a weak dollar and expectations around upcoming US inflation data and Fed policy, according to Lemonn’s Gaurav Garg. Gold had settled at Rs 1,60,250/10g in the prior session, while silver had already seen a sharp Rs 5,000 jump on Sept. 3 before pausing for two sessions and then resuming higher.

Near term, the key catalyst is US inflation: a softer print would reinforce rate-cut expectations and support both gold and silver, while a hotter release could pressure bullion further despite ongoing currency support. The split action suggests gold remains vulnerable to global risk-free-rate moves, while silver is getting additional traction from dollar weakness and broader precious-metals demand.